The previous Financial Stability Report showed that solvency had improved not only for credit establishments but also for firms and households, which are the system’s main counterparts within the real sector. Specifically, the Report described how the financial system’s solvency had recovered…
Bogotá, Colombia
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One of the main functions of the Central Bank is to ensure that the economy's payment system operates on a firm and efficient basis. The stability of the financial system is essential to this task. For this reason, the first edition of the Financial Stability Report was published by Banco de la…
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The purpose of this paper is to evaluate whether developed countries export taxes to developing countries, contributing to the deterioration of their terms of trade and welfare. Developing countries have become increasingly integrated into world commerce. Since the beginning of the 1990”s most…
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Unemployment rate and the real wage behavior: a neoclassical hint for the Colombian labor market adjustment Unemployment rate and the real wage behavior: a neoclassical hint for Colombian labor market adjustment
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The primary objective of this paper is to examine the role of the exchange rate in determining short-and-long-run trade balance behavior for Colombia in a model which includes money and income. That is, the aim is to examine whether the trade balance ¡is affected by the exchange rate and whether…
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